March 28, 2016

Maybe They'll Listen This Time!

Prof Mark J. Perry reprises his 1995 essay "Why Socialism Failed." His biggest regret is his use of past tense. In the shadow of the fall of the USSR, he wrote that it was "the Big Lie of the 20th century [...] that it would be forever considered only as a discredited system of the past, and never as a viable option going forward into the future."

Given the recent resurgence of socialism, especially as it is now being embraced by young Americans, I thought it might be a good time to re-visit my 1995 essay to review why socialism: a) failed in the 20th century, b) is failing in the 21st century (e.g. Venezuela, see photo above), and c) will always fail. And that's because it's a flawed system based on completely faulty principles that aren't consistent with human behavior and can't nurture the human spirit.

It is a good read and a better share for those who might be #feelintehbern.
Egalitarian Socialism
Posted by John Kranz at March 28, 2016 6:12 PM